City of Chicago Department of Planning and Development
04/15/2026 | Press release | Archived content
TIF Support Approved for Improvements to Landmark Uptown Office Building
TIF Support Approved for Improvements to Landmark Uptown Office Building
April 15, 2026
312.744.9267
Improvements to the Institute of Cultural Affairs' (ICA) GreenRise building in Uptown will be completed with up to $2 million in Tax Increment Financing (TIF) support approved by City Council today.
The $4.1 million project at 4750 N. Sheridan Road includes mechanical system improvements that will benefit more than a dozen existing tenants, along with renovations for the Illinois Department of Human Services, which plans to occupy 11,000 square feet of ground floor office space.
Built between 1921 and 1926 as the Mutal Insurance Building, the eight-story building was adopted as a City landmark by City Council in 2013. Owned by ICA-affiliated entities since 1971, the building's nonprofit and social service tenants provide support for more than 1,000 clients weekly.
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